You make an investment and the annual returns are as follows: Year Return 1 25% 2 3

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You make an investment and the annual returns are as follows:

Year Return 1 25%

2 3 3 218 4 210 5 15 The average annual return is 3 percent. What is the true annualized return?

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Investments An Introduction

ISBN: 9781133936527

11th Edition

Authors: Herbert B Mayo

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Question Posted: Jul 22, 2024 12:00 PM

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You make an investment and the annual returns are as follows: Year Return 1 25% 2 3

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Investments An Introduction

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